Industrial technology leader will showcase innovations accelerating energy management, emissions reduction and decarbonizationST. LOUIS, Nov. 11, 2024 /PRNewswire/ -- Emerson (NYSE: EMR), an industrial technology leader delivering advanced automation solutions, will attend COP29 in Baku, Azerbaijan, participating in Climate Action's Sustainable Innovation Forum and Hydrogen Transition Summit. Chief Sustainability Officer Mike Train will share his insights on how automation technologies are helping accelerat ...

Key TakeawaysShares of industrial technology and engineering company Emerson Electric popped higher Tuesday.The company reported better-than-expected quarterly sales and profit boosted by its Intelligent Devices segment.Emerson also announced plans to acquire the remaining stake in industrial software firm AspenTech. Emerson Electric (EMR) shares surged 7% on Tuesday, securing one of the top performances in the S&P 500, after the provider of automation equipment, industrial software, and engineering product ...

Emerson Electric Co. (EMR) reported fourth-quarter fiscal 2024 (ended Sept. 30, 2024) adjusted earnings of $1.48 per share, which beat the Zacks Consensus Estimate of $1.47. The bottom line increased 15% year over year.Emerson’s net sales of $4.62 billion beat the consensus estimate of $4.57 billion. The top line increased 13% year over year, driven by solid performance of the Intelligent Devices segment. The underlying sales were up 4% year over year.Stay up-to-date with all quarterly releases: See Zacks E ...

Financial Data and Key Metrics - Underlying sales grew 6% in 2024, with operating leverage at 47%, both in line with guidance [45] - Adjusted EPS was $5.49, at the high end of guidance, and free cash flow reached $2.9 billion, exceeding expectations [46] - Quarterly underlying orders growth was 2% for the year, led by process and hybrid businesses, while discrete automation orders were down mid-single digits but turned positive in Q4 [46][47] - Adjusted segment EBITDA margin was 26%, up 100 basis points from the prior year, driven by favorable price cost and cost reductions [52] - Free cash flow margin improved to 16.6%, a 110-basis point increase from the prior year [54] Business Line Performance - Process and hybrid businesses grew high single digits, while intelligent devices grew 5% and software and control grew 8% [49] - Test & Measurement contributed $1.46 billion to net sales, down 12% for the year, but orders improved sequentially in Q4 [47][51] - Safety & Productivity business, which is under strategic review, generated $1.4 billion in revenue with leading gross margins and strong free cash flow [37] Market Performance - Asia, Middle East, and Africa led growth at 8%, driven by strong project activity in LNG and chemicals, while China was down 3% due to weak demand [50] - Europe grew 7%, supported by LNG, sustainability, decarbonization, and life sciences, while the Americas grew 4%, led by power, LNG, metals, and mining [50] - Middle East and Africa, India, Southeast Asia, and Mexico are expected to lead growth in 2025, with China anticipated to return to growth in the second half [71] Strategic Direction and Industry Competition - The company announced a proposal to acquire the remaining shares of AspenTech for $240 per share, aiming to fully integrate AspenTech's industrial software capabilities with Emerson's automation solutions [9][12] - The combination of Emerson and AspenTech is expected to accelerate the company's software-defined automation strategy, unlock cost synergies, and simplify the company's structure for investors [13][36] - The company is exploring strategic alternatives for its Safety & Productivity business, including a potential cash sale, as it does not align with the automation thematic [14][37] - Emerson plans to repurchase $2 billion of common stock in fiscal 2025, returning approximately 100% of guided free cash flow to shareholders [15][16] Management Commentary on Operating Environment and Future Outlook - Management highlighted strong project activity, with a large project funnel of $11.2 billion, driven by LNG, life sciences, and sustainability investments [59][60] - The company expects process and hybrid markets to remain resilient in 2025, with discrete markets turning positive and growth across all regions [66][69] - Management expressed confidence in the recovery of discrete markets, particularly in semiconductor, industrial, and factory automation, while automotive markets, especially EV, remain weak [69][70] - The company anticipates mid-single-digit growth in process and hybrid businesses, with discrete markets expected to recover in the second half of 2025 [68][69] Other Important Information - The company's backlog increased to $7.2 billion, driven by process and hybrid investments, while Test & Measurement backlog stood at $400 million [51][101] - Emerson's gross margin reached a record high of 50.8% in 2024, up nearly 1,000 basis points from the pre-transformation portfolio in 2021 [57] - The company expects adjusted EPS for 2025 to be between $5.85 and $6.05, with free cash flow projected at $3.2 billion to $3.3 billion [75] Q&A Session Summary Question: Backlog and Book-to-Bill for 2025 - The backlog of $7.2 billion is considered healthy and supportive of 2025 guidance, with no significant changes expected in the book-to-bill ratio [86] - Process and hybrid markets showed strong activity, with new wins in LNG, sustainability, and life sciences, supporting mid-single-digit growth expectations [87] Question: Customer Delays and China Recovery - No significant customer delays were observed, with strong project activity in energy, energy transition, and power sectors [90] - China is expected to return to growth in the second half of 2025, driven by self-reliance programs and sustainability investments, with discrete markets anticipated to recover [92] Question: Discrete Automation Trends and AspenTech Synergies - Discrete automation orders turned positive in Q4, with early signs of recovery in semiconductor and industrial markets, supporting a mid-single-digit growth forecast for 2025 [94] - AspenTech synergies are expected to be neutral to adjusted EPS in 2025, with seasonality and cost synergies factored into the outlook [96][97] Question: Power and Nuclear Exposure - Power generation represents 9% of revenue, with strong growth driven by data center investments, life extension of facilities, and grid modernization [105] - Nuclear accounts for 20% of the power business, with a broad portfolio of capabilities in instrumentation, valves, and control systems [108] Question: Software-Defined Automation Timeline - The transition to software-defined automation is expected to be a phased journey, starting with foundational integration at the site level, followed by site-level and eventually enterprise-wide control and optimization [116][117] Question: Test & Measurement and Synergies - Test & Measurement sales are expected to grow mid-single digits in 2025, with high single-digit order growth and a focus on backlog consumption [123] - Synergies for Test & Measurement are expected to be around $60 million in 2025, with AspenTech synergy details to be provided after a definitive agreement is reached [125]

For the quarter ended September 2024, Emerson Electric (EMR) reported revenue of $4.62 billion, up 12.9% over the same period last year. EPS came in at $1.48, compared to $1.29 in the year-ago quarter.The reported revenue represents a surprise of +0.94% over the Zacks Consensus Estimate of $4.58 billion. With the consensus EPS estimate being $1.47, the EPS surprise was +0.68%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Stre ...

Emerson Electric (EMR) came out with quarterly earnings of $1.48 per share, beating the Zacks Consensus Estimate of $1.47 per share. This compares to earnings of $1.29 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 0.68%. A quarter ago, it was expected that this maker of process controls systems, valves and analytical instruments would post earnings of $1.42 per share when it actually produced earnings of $1.43, delivering a ...

Exhibit 99.1 Emerson Reports Fourth Quarter and Full Year 2024 Results; Provides Initial 2025 Outlook ST. LOUIS (November 5, 2024) - Emerson (NYSE: EMR) today reported results for its fourth quarter and fiscal year ended September 30, 2024. Emerson also declared a quarterly cash dividend increase to $0.5275 per share of common stock payable December 10, 2024 to stockholders of record November 15, 2024. | --- | --- | --- | --- | --- | --- | --- | |-------------------------------------------|-----------|----- ...

ST. LOUIS, Nov. 5, 2024 /PRNewswire/ -- Emerson (NYSE: EMR) today reported results1 for its fourth quarter and fiscal year ended September 30, 2024. Emerson also declared a quarterly cash dividend increase to $0.5275 per share of common stock payable December 10, 2024 to stockholders of record November 15, 2024. (dollars in millions, except per share) 2023 Q4 2024 Q4 Change 2023 2024 Change Underlying Orders2 2 % 2 % Net Sales $4,090 $4,619 13 % $15,165 $17,492 15 % Underl ...

Emerson Electric Co. EMR will release earnings results for its fourth quarter, before the opening bell on Tuesday, Nov. 5.Analysts expect the Saint Louis, Missouri-based company to report quarterly earnings at $1.47 per share, up from $1.29 per share in the year-ago period. Emerson Electric projects to report revenue of $4.57 billion for the quarter, compared to $4.09 billion a year earlier, according to data from Benzinga Pro.On Aug. 21, Emerson announced it has made a strategic investment through its corp ...

Wall Street analysts expect Emerson Electric (EMR) to post quarterly earnings of $1.47 per share in its upcoming report, which indicates a year-over-year increase of 14%. Revenues are expected to be $4.58 billion, up 11.9% from the year-ago quarter.The consensus EPS estimate for the quarter has undergone a downward revision of 1.9% in the past 30 days, bringing it to its present level. This represents how the covering analysts, as a whole, have reassessed their initial estimates during this timeframe.Prior ...